Pool Co. (NASDAQ:POOL) Receives $328.00 Average PT from Analysts

Shares of Pool Co. (NASDAQ:POOL) have been given a consensus rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $328.00.

A number of equities research analysts have commented on the stock. Loop Capital decreased their price objective on shares of Pool from $370.00 to $305.00 and set a “hold” rating on the stock in a report on Tuesday, June 25th. Stephens lowered their price target on shares of Pool from $425.00 to $350.00 and set an “overweight” rating for the company in a report on Tuesday, June 25th. Wells Fargo & Company decreased their price objective on Pool from $360.00 to $290.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 25th. Oppenheimer lowered their target price on Pool from $416.00 to $356.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. Finally, Bank of America cut their price target on Pool from $338.00 to $290.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th.

Pool Stock Performance

NASDAQ POOL opened at $299.78 on Friday. The firm has a market cap of $11.49 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 2.22 and a beta of 1.00. The company has a current ratio of 1.88, a quick ratio of 0.56 and a debt-to-equity ratio of 0.70. Pool has a 1-year low of $298.07 and a 1-year high of $422.73. The company has a 50 day moving average of $348.41 and a 200-day moving average of $375.11.

Pool (NASDAQ:POOL) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $1.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.87 by ($0.02). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.13 billion. Pool had a net margin of 9.17% and a return on equity of 35.49%. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.46 EPS. On average, equities analysts forecast that Pool will post 10.94 earnings per share for the current fiscal year.

Pool Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 30th. Investors of record on Thursday, May 16th were paid a dividend of $1.20 per share. The ex-dividend date of this dividend was Wednesday, May 15th. This is a boost from Pool’s previous quarterly dividend of $1.10. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.60%. Pool’s payout ratio is 37.56%.

Hedge Funds Weigh In On Pool

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its position in shares of Pool by 56.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 865,362 shares of the specialty retailer’s stock worth $308,156,000 after buying an additional 313,190 shares during the period. Blair William & Co. IL boosted its stake in Pool by 6.0% during the 1st quarter. Blair William & Co. IL now owns 843,650 shares of the specialty retailer’s stock worth $340,413,000 after acquiring an additional 47,640 shares during the last quarter. Wasatch Advisors LP grew its holdings in Pool by 9.6% during the first quarter. Wasatch Advisors LP now owns 525,004 shares of the specialty retailer’s stock valued at $211,839,000 after purchasing an additional 45,953 shares during the period. London Co. of Virginia increased its stake in Pool by 0.9% in the third quarter. London Co. of Virginia now owns 395,867 shares of the specialty retailer’s stock valued at $140,968,000 after purchasing an additional 3,597 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in Pool by 25.0% in the third quarter. American Century Companies Inc. now owns 382,069 shares of the specialty retailer’s stock worth $136,055,000 after purchasing an additional 76,346 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.